- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Tow Tractor refers to a vehicle with an electric motor or a sizable spark-ignition engine, as specified by the Industrial Truck Association.
Industrial tow tractors are intended primarily for use in pushing or pulling non-powered vehicles, trailers, or other mobile loads across paved or otherwise enhanced surfaces.
Tow motors or tugs are frequent names for industrial tow tractors. For the purposes of this regulation, industrial tow tractors are different from airport ground support equipment tugs.
The global electric tow tractor market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A new electric tow tractor has been introduced by Textron Specialized Vehicles division TUG Technologies Corporation.The TUG product line-up of tow tractors is advanced with the M7, a CE-certified vehicle that provides an improved operator experience. Textron Specialized Vehicles Inc., an affiliate of Textron Inc., creates and produces TUG ground support equipment.
With a totally remodeled cab, the new TUG M7 offers left-hand/right-hand drive possibilities with a revamped, centralized console and illuminated rocker switches.It also eliminates the center console, allowing the operator to move into the cab. With a front windshield that is 10 square feet in size and a rear window that is 8.5 square feet in size, the modern cabin enhances the operator's visibility.
Along with a new hydraulic system, a tilt steering wheel, a spring-applied, hydraulically released (SAHR) park brake, and optional sliding doors, the M7 also has a feedback steering system similar to that seen in automobiles. The operator's compartment is further protected by a bolt-on 3/8" A36 steel front bumper that was added to the chassis as part of a durability upgrade.
The Hyster TA60UT seated electric tow tractor combines energy-efficient technology with ergonomic features and dependable performance. Low maintenance results in higher output and lower operating expenses. Hyster Tracker offers truly wireless fleet monitoring, increases operator performance, boosts fleet efficiency, decreases overall material handling expenses, and reduces carbon impact.
Fusion Processing and Bradshaw Electric Vehicles, both situated in Bristol, received financing from Innovate UK, a national organisation that promotes corporate innovation. The tow tractors will transport items like luggage trailers and cargo trailers in factories, warehouses, and airports.
Bradshaw's third-generation T700 and T800 tow tractors will undergo development to become completely autonomous using Fusion's CAVstar control and sensor technology. The artificial intelligence system creates a picture of the area around the Tug using a variety of sensors, including Lidar, cameras, and ultrasonics, and then plots the most effective safe path.
They will be able to do so without the need for costly infrastructure and safely operate within buildings where there is no GPS signal.
The battery-powered motors and inverters used by the Airport Technology division of Goldhofer AG are being installed in its zero-emission SHERPA E cargo and pushback tractors as well as its PHOENIX E towbarless aircraft tractor.
This solution holds the key to exceptionally cost-effective and ecologically responsible baggage and freight movement on the apron as well as aircraft handling with a maximum take-off weight of up to 352 tonnes for airport operators, ground handlers, and airlines. In the scope of a collaboration with Goldhofer, ARADEX has developed electric powertrains that are tailored to the unique needs of airport operations.
They provide balanced and precisely regulated power transfer in addition to very high torques.
The newest autonomous towing tractor will be tested in the restricted area at Tokyo Haneda Airport in collaboration with All Nippon Airways (ANA), the country's biggest airline and 5-Star recipient for eight years running. A newly created autonomous towing tractor with improved position tracking capabilities that allow seamless operations between inside and outdoor areas will be released by Toyota Industries.
It is outfitted with a 3D LiDAR and a 2D laser scanner, two cutting-edge devices that enable it to constantly track its whereabouts using GPS and road pattern matching.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.